PRNEX vs. THOIX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and Thornburg Global Opportunities Fund (THOIX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. THOIX is managed by Thornburg. It was launched on Jul 28, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or THOIX.
Key characteristics
| PRNEX | THOIX | |
|---|---|---|
| YTD Return | 6.90% | 13.90% |
| 1Y Return | 3.25% | 21.40% |
| 3Y Return (Ann) | 8.07% | 7.01% |
| 5Y Return (Ann) | 8.37% | 13.57% |
| 10Y Return (Ann) | 2.72% | 8.73% |
| Sharpe Ratio | 0.16 | 1.98 |
| Daily Std Dev | 15.06% | 10.87% |
| Max Drawdown | -66.56% | -64.58% |
| Current Drawdown | -4.65% | -1.56% |
Correlation
The correlation between PRNEX and THOIX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRNEX vs. THOIX - Performance Comparison
In the year-to-date period, PRNEX achieves a 6.90% return, which is significantly lower than THOIX's 13.90% return. Over the past 10 years, PRNEX has underperformed THOIX with an annualized return of 2.72%, while THOIX has yielded a comparatively higher 8.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRNEX vs. THOIX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than THOIX's 0.99% expense ratio.
Risk-Adjusted Performance
PRNEX vs. THOIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and Thornburg Global Opportunities Fund (THOIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRNEX vs. THOIX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 10.72%, more than THOIX's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 10.72% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% | 17.59% | 8.80% |
THOIX Thornburg Global Opportunities Fund | 5.01% | 5.70% | 4.00% | 14.39% | 6.70% | 1.64% | 2.65% | 0.67% | 0.82% | 0.59% | 0.40% | 0.96% |
Drawdowns
PRNEX vs. THOIX - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -66.56%, roughly equal to the maximum THOIX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for PRNEX and THOIX. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. THOIX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 4.84% compared to Thornburg Global Opportunities Fund (THOIX) at 2.81%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than THOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.